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International Lawyers Network

Bankruptcy, Insolvency & Restructuring Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

International Lawyers Network

Bankruptcy, Insolvency & Restructuring Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

Orrick, Herrington & Sutcliffe LLP

Comunicazione Della Commissione Sugli Orientamenti Relativi Alla Procedura Di Vendita Alle Condizioni Migliori Di Crediti...

In data 21 ottobre 2022 è stata pubblicata la comunicazione della Commissione Europea del 21 ottobre 2022 concernente gli orientamenti relativi alla procedura di vendita alle condizioni migliori di crediti deteriorati sui...more

White & Case LLP

The Insolvency Code: perfect timing for a new legal framework for distressed companies

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On 12 January 2019, the Italian Government enacted Legislative Decree No. 14 (so called "business crisis and insolvency code (codice della crisi d’impresa e dell’insolvenza)", which entered into force on 15 July 2022 (the...more

Hogan Lovells

The new Italian Insolvency Code: a predicted revolution

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The most innovative features of the new Insolvency Code include, among others: (i) the introduction of safeguard obligations aimed at detecting corporate distress and promoting the adoption of restructuring tools at an early...more

Hogan Lovells

Assets Freezing of Russian Individuals and Entities: Which protection for Italian Parties?

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Freezing of assets is one of the most pervasive forms of sanctions against Russian individuals and entities. While much has been written with regard to the protection of the rights of people subject to sanctions, there is few...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

Orrick, Herrington & Sutcliffe LLP

Blade Runner and the Non-Possessory Pledge

Nexus 6 is an android. Smarter, stronger and faster than any human being. At least in the film version, which Philip Dick was not entirely happy with. The cinematic adaptation of his novel Do Androids Dream of Electric...more

Orrick, Herrington & Sutcliffe LLP

Nuove misure in materia di crisi d'impresa

L’emergenza Covid 19 ha indotto il Governo a prorogare l’entrata in vigore della maggior parte dei contenuti del Codice della crisi e dell’insolvenza introdotto dal Dlgs. 14 del 2019 (il “Codice”) e a fornire alle imprese una...more

A&O Shearman

Italian Tax Treatment Of Real Estate Securitisation Transactions

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New ruling by the Italian tax authorities on favourable tax regime applicable to real estate securitization transactions....more

Orrick, Herrington & Sutcliffe LLP

Disposizioni integrative e correttive al Codice della Crisi d'Impresa e dell'Insolvenza'

In data 18 ottobre 2020 il Consiglio dei Ministri ha approvato, in esame definitivo, un decreto legislativo (in fase di pubblicazione) (il “Decreto Correttivo”) che introduce disposizioni integrative e correttive al Codice...more

White & Case LLP

State of the art of the Italian liquidity measures – Keeping Italian Companies Alive?

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Over the last three months, the Italian Government has enacted a package of financial assistance designed to help Italian businesses survive the dramatic short-term effects of the coronavirus ("COVID-19") pandemic. The...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/insolvency/rehabilitation proceedings in Italy and their main characteristics. The current...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

Orrick, Herrington & Sutcliffe LLP

Cessione in garanzia del credito da finanziamento soci e postergazione ex Articolo 2467 CC

La sorte del rimborso dei finanziamenti erogati dai soci nelle società a responsabilità limitata è disciplinata dall'articolo 2467 del codice civile il quale prevede che il rimborso dei finanziamenti dei soci a favore della...more

White & Case LLP

Restructuring across Europe – a new era?

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All three institutions of the European Union have now approved the EU Preventive Restructuring Framework Directive. This is the EU's first attempt to "harmonise" insolvency laws across the Member States, that have disparate...more

Patterson Belknap Webb & Tyler LLP

Chapter 15: U.S. Creditor Required to Seek Recovery in Foreign Main Proceeding

In this post, we return to cross-border insolvencies and examine one of the first decisions issued in 2018 by a bankruptcy court in a chapter 15 case: In re Energy Coal S.P.A., No. 15-12048 (LSS), 2018 Bankr. LEXIS 10 (Bankr....more

Jones Day

EuroResource—Deals & Debt - March 2017

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For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments...more

Latham & Watkins LLP

Changes to Italian Banking Law Promotes Creditor-Friendly Bankruptcy and Restructuring

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The so called “Banks Decree” Decree (Law Decree no. 59/2016, hereinafter the “Decree”), published on the Official Gazette and converted into Law no. 199/2016, has recently entered into force. The main purpose of the...more

Latham & Watkins LLP

European Restructuring Landscape Improves with Multiple Reforms

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In light of the UK’s cram down and director-friendly processes, in particular its scheme of arrangement model, major European economies such as France, Germany and Italy have worked hard to develop regimes that give greater...more

Latham & Watkins LLP

Nuovo Regolamento UE sulle procedure d’insolvenza

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Il Regolamento si pone l’obiettivo di rendere più efficienti le regole sulle insolvenze transfrontaliere, trovare il giusto equilibrio nella protezione sia dei debitori che dei creditori e privilegiare il risanamento delle...more

Latham & Watkins LLP

Italy Significantly Amends Debt Restructuring and Bankruptcy Proceedings

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Material changes to the Italian bankruptcy law will likely result in increased interest of investors in the distressed market. The Italian legislators passed significant amendments to the legal framework applicable to...more

Orrick, Herrington & Sutcliffe LLP

Material Changes To The Italian Bankruptcy Law

On June 27, 2015 the Italian government enacted the law decree no. 83 (the “New Decree”) that, among others, includes material changes to the Italian bankruptcy law (Royal Decree 267/1942, the “IBL”). The New Decree must be...more

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